Madison times. (Tallulah, Madison Parish, La.) 1884-1???, 1887-03-19

...... ....,, Ohio stock has been uractica Il
comy,etel. but | have no interest IN tue
transaction
GARRETT NEITHER AFFIRMS NOR DENIES.
BALTIMORE. MD, March y-RObert Garrett,
pres dent of the Baltimore and Ohio raj
road company, was seen to-day, but had moth
Ing 10 saw in regard 10 the reported arrange
ment for the transfer or the control Of tuAt
road. The New York Times containing the
statement. which appeared to be authentic,
created 4 sensation here. There was a cow
tiOn that II the road shall pass into other
hands the express and telegraph :, stems VIII
q with IL, and the matter was discussed on
the exchange and street Corners and while
Come approved many condemn the action.
Tnt statement in the New York T,msS was
read 10 Mr. Garrett, but he still PERSISTED that
he nad nothing to say about tie rumprrd deal
# is stated, however, by one u whom Garrett
talked that be used the expression We are in
New York"
The excitement has increased here because
Of the refusal Of Garrett 70 make any com
munIcat.ou in regard 10 - matter and ueo-
pie generally have settled a1wn 10 the cOnclu-
sion that the deal had been effected. and Bal
timure had become only way station in the
great railroad :, stem.
There are i'm existence 10000 shares Of
Baltimore and Ohio stock held a. follows: The
CARROTS, 5000; city Of Baltimore, &, 600;
state of Maryland, 1O.OC0; the Burns family.
1000: the Grigg family, 5000; Johns Hopkins
estate. 1909: other holdings, 3bOOO shares.
By the provision of the late John W. Garrett :
Will % % off the 500 shares held by his
children are in trust for twenty years and can
hot be- suii. but Of course they can be voted
any way their holders see hit. IL has been
enormously stated that it would require %
OlO shares to constitute a ma ioritT, but this il
not the case. The - go shares held by the
city of Baltimore and the state can not be
voted upon any question save that of the
policy o. the road, having no voice in the
election Of president. Thus the possession
Of $1,000 shares Is actually the controlling In-
tCrr-t.
While tonight the general impression here
Is that some sort OF an arrangement has been
made FOR the surrender of the control of the
Baltimore and Ohio railroad, il is positively
stated by gentleman who is near to Mr..
Garrett that no agreement or contract exists
for such 4 transfer. He at the same time
stated that a syndicate would probably be
formed. OF which Mr.. Garrett would be mem
ber for the working Of such a railroad system
as was spoken Of He further said there was
no law To prevent the holding by proxy OF all
the shares owned by the Garrett family aud
enough Of Others to make a majority of the
stock for any deal the road authorities might
deem desirable He also said that ( 80 per
share had before been offered and refused fUT
u transfer of a majority of the stock.
WHAT BALTIMOREANs TIL X.
Much discussion has been had this afternoon
in regard tO the rumOrrd deal. Several Of the
trustees were approached and they all declined
10 speak OF the matter. This has led many tu
the belief that the university has sold its hold
ing MIR Garrett. this afternoon, was Sho WI
the latest dispatches from New York. and after
carefully reading them smiled and said: 81
have nothing To say. When do have any
thing TO give TO the press will DO it cheer
fuly.'
Ii is said this evening that an offer of So
0OO. uOO has been made for the Baltimore auJ
Ohio telegraph system and S2.OO1OO0 for the
express business, both Of which had been de
clined. The determ ned refusal of Mr.. Gar
rett to confirm or denr any Of the statements
which have been made leaves the people ia
anxiety. Those who have always been staunct
friends of the Baltimore and Ohio road vii
not believe that anv transfer Of the control o.
the road has been or will be made.